$10,000 Closing Credit*
$1,000,000
2,500 SqFt
5 Beds
•3 Full Baths, 1 Partial
Dawn Cohen, Listing Office: PREMIER PLUS REALTY
Is 34240, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 34240 was a Seller's Market.
Key Takeaway
34240 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 34240, FL
How much do homes in 34240, FL cost?
Median Sold Price
$855,400
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$83,063(+10.8%)
Key Takeaway
Homes in 34240 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 34240 was $855,400 in November 2024, up 10.8% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | - | N/A |
| 2 Bedrooms | $550.4K | $751K | +36.4% |
| 3 Bedrooms | $675K | $742.7K | +10.0% |
| 4 Bedrooms | $924.9K | $1.1M | +18.9% |
| 5+ Bedrooms | $1.0M | $1.0M | -2.1% |
Summary: 34240 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes decreased by 2.1%.
Housing Supply in 34240, FL
How many homes are available in 34240, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 196 | 200 | +2.0% |
Summary: The 34240 real estate market had 200 homes for sale in November 2024, a 2.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 108 | 113 | +4.6% |
| 4 Bedrooms | 70 | 67 | -4.3% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The 34240 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34240, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 34240 in November 2024, up by 12.5% month-over-month. Of the 27 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for 34240, FL
How long does it take to sell a home in 34240, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 57 Days | +113.7% |
Summary: Homes in 34240 had an average of 57 days on market in Nov 2024, up by 113.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 34240 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in 34240; 37% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.